Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: B

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A graphical advertisment, smaller than a banner ad, typically measuring 120 x 90 pixels.

BYLAW

(Sometimes also spelled by-law or byelaw) can refer to a law of local or limited application, passed under the authority of a higher law specifying what things may be regulated by the

BAIT AND SWITCH

Offering a product that gets customers and than changing it for a pricey one once they agree to purchase.

BAILABLE OFFENSE

A crime that the defendant can be released fore after bail is promised.

BACHELOR’S DEGREE

A degree a student gets after 8 semesters or 120 credit hours. It is undergraduate work and can be in any major. There are bachelors of science, art, and fine arts. This

BACK-END SYSTEM

A computer or computers that do calculation heavy operations for corporations.

BACKLOG TRAP

The negative effect that pending work puts on operations. When one element of the system is not available it holds up production.

BALANCE CARRIED FORWARD

The balance from the last billing period that is listed on the next one. It this amount is beyond a limit a fee may be charged.

BANKRUPTCY REMOTE

How a company compares its status to another company in the same group. It prevents debt relief from being taken on by the group. This works for an established business not start

BASIC ORDERING AGREEMENT

A contract between buyer and seller. It lists the terms for the period, prices, and special instructions.

BELLY CARGO

Cargo placed under the main deck of an aircraft or ship. Refer to deck cargo.

BENEFIT PERIOD

The period money or benefits are paid to the insured or their dependents.

BERTH

1. a place where passengers sleep on a ship or train. 2. where a boat is moored when loading and discharging passengers or cargo.

BEST EFFORTS

1.stating that a certian result won’t necessarily occur. Good faith promises that it will get as close as is humanly possible. 2. A high standard that if it isn’t met is excusable.

BEYOND CHARGE

A charge on freight that covers costs fo getting the cargo from the port to the destination.

BIG THREE

The three main US auto manufacturers. They are General Motors, Ford, and Chrysler.

BILL OF LADING (B/L)

A document a carrier or agent gives a shipper to carry the goods. It can be a receipt for cargo that is to be taken to a destination.

BINARY-BARRIER OPTION

A hybrid of the BARRIER OPTION and BINARY OPTION that grants the buyer a payoff equal to a fixed cash or ASSET amount if the price of the UNDERLYING market reference breaches

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